Definition - What does Claims Report mean?
A claims report may refer to either a detailed report of an insurance claim an agent prepares or a report made by the policyholder after incurring the loss.
Insuranceopedia explains Claims Report
A claim report prepared by the insurance agent includes the specifics of the claim. It provides a detailed description of the loss, the cause or causes of the loss, and the claim of the insured based on their insurance coverage.
On the other hand, a claim report the insured makes after incurring an insured loss may be done personally, via phone, or even online. In most cases, a claim report must be submitted as soon as possible after the loss or damage occurs.
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